Global Food And Beverage Stores Market Trends and Forecasts: What’s Driving Growth Through 2034?

At what pace is the food and beverage stores market growing, and what is its estimated value?

The food and beverage stores market size has grown rapidly in recent years. It will grow from $2853.69 billion in 2024 to $3202.56 billion in 2025 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to economic conditions, consumer preferences, population growth, urbanization, technological advances.

The food and beverage stores market size is expected to see strong growth in the next few years. It will grow to $4535.88 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to e-commerce and online grocery, health and wellness trends, private label and store brands, digital marketing and personalization. Major trends in the forecast period include sustainability and eco-friendly practices, virtual grocery shopping and augmented reality (AR), food safety and traceability, convenience and ready-to-eat foods.

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What are the top drivers to the rising demand in the food and beverage stores market?

The food and beverage stores markets expected to benefit from steady economic growth forecasted for many developed and developing countries. For instance, according to the World Economic Situation and Prospects 2024 report by the United Nations, a UK-based Intergovernmental organization, global GDP growth is projected to decelerate from an estimated 2.7% in 2023 to 2.4% in 2024. Commodity price recovery following a historical decline is also expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.

How is the food and beverage stores market segmented?

The food and beverage stores market covered in this report is segmented –

1) By Type: Specialty Food Stores, Beer, Wine And Liquor Stores

2) By Ownership: Retail Chain, Independent Retailer

3) By Price Range: Premium, Mid-Range, Economy

Subsegments:

1) By Specialty Food Stores: Organic Food Stores, Gluten-Free Food Stores, Vegan/Vegetarian Food Stores, Natural Food Stores, Gourmet Food Stores

2) By Beer: Craft Beer Stores, Import Beer Stores, Domestic Beer Stores

3) Wine And Liquor Stores: Wine Stores, Liquor Stores, Beer And Ale Stores

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Who are the top competitors in the food and beverage stores market?

Major companies operating in the food and beverage stores market include Woolworths Group Limited, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE, George Weston Limited, Jardine Matheson Holdings Limited, Seven & i Holdings Co. Ltd., Marubeni Corporation, Greggs plc, Lancaster Colony Corporation, Walmart Inc., The Kroger Company, Albertsons Companies Inc., Ahold Delhaize USA Inc., Publix Super Markets Inc., H-E-B Grocery Company LP, Meijer Inc., Hy-Vee Inc., Wegmans Food Markets Inc., Giant Eagle Inc., Wakefern Food Corporation, WinCo Foods Inc., Sprouts Farmers Market Inc., Whole Foods Market Inc., Trader Joe's Company, Aldi Inc., Lidl US LLC, Costco Wholesale Corporation, Sam's West Inc., Target Corporation, The Home Depot Inc., Lowe's Companies Inc., Best Buy Co. Inc., Barnes & Noble Inc., Starbucks Corporation, Dunkin Brands Group Inc., McDonald's Corporation, Yum Brands Inc., Domino's Pizza Inc.

What significant trends should we anticipate in the food and beverage stores market over the forecast period?

Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading, and employees to operate the checkout counter. This type of automation reduces operational costs and saves time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, in April 2023, Carrefour Group, a France-based supermarket company, launched its first self-service checkout terminal equipped with a digital screen and a handheld barcode scanner.

Which regional trends are influencing the food and beverage stores market, and which area dominates the industry?

Asia-Pacific was the largest region in the food and beverage stores market in 2023. Africa was the second largest region in the food and beverage stores market. The regions covered in the food and beverages stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Food And Beverage Stores Market Report 2025 Offer?

The food and beverage stores market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Food and beverage stores are stores involved in the sale of food items, beverages, and related products. It offers convenient access to essential grocery items, enabling consumers to easily purchase daily necessities. They feature a wide range of products, including organic and gluten-free options, while creating an engaging shopping experience with appealing displays and knowledgeable staff. Additionally, these stores significantly contribute to the economy by generating jobs and supporting local suppliers, fostering community growth.

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